Treasury Closing Summary: Treasury Closing Summary: It was a friction free session on Friday, with no data and some typically mixed Fedspeak to chew over before the weekend. Doves implied that the post mortem on the FOMC decision was indeed that the rate lift-off could be anytime from June-September, giving stocks and bonds another leg up in the vacuum of quad-witching settlement on Wall Street. Investors weren't frightened off by the super moon eclipse, nor did they abandon their posts for the Vernal Equinox. The FX market remained jumpy, however, as the patience of dollar longs was again tested after Germany's Merkel reiterated that "Grexit" was not a viable option.

Fed's Fisher said the U.S. is the epicenter of world growth Fed's Fisher said the U.S. is the epicenter of world growth, in comments with Rick Santelli on CNBC. Fisher just retired after 10 years as the president of the Dallas Fed, and had been one of the more ardent hakws on the Committee. He's worried that the equity market is vulnerable to a significant market correction, fearing investors have become "lazy" and too dependent on Fed largess. He agreed the Fed has conditioned the makets, which are "hyper overpriced," while interest rates are abnormally low, as the Fed has injected enormous liquidity in to the system and floated all boats. But he also believes it's wrong to place the weight of the world on Yellen's shoulders. Investors will have to find their own ways to discount an eventual Fed rate hike. He continues to think the Fed should start that process sooner rather than later, and if he were in Yellen's shoes (heels), he's hike rates. But he wouldn't say how close the Committee might be to pushing the button.

Atlanta Fed dove Lockhart is concerned about money market funds Atlanta Fed dove Lockhart is concerned about money market funds that may have the potential to both cause and be hurt by financial instability. He is also keeping a close eye on the "shadow banking sector", which remains opaque and a potential source of contagion, though it may not need to be as closely regulated as banks. Voter Lockhart is speaking on "Banking and Prudential Regulation".